Insider Selling: Torex Gold Resources Inc. (TSE:TXG) Senior Officer Sells 5,623 Shares of Stock

Torex Gold Resources Inc. (TSE:TXG) Senior Officer Faysal Abhem Rodriguez Valenzuela sold 5,623 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of C$28.97, for a total value of C$162,898.31.

Torex Gold Resources Trading Up 4.6 %

Shares of Torex Gold Resources stock opened at C$30.32 on Monday. The company has a quick ratio of 2.12, a current ratio of 1.09 and a debt-to-equity ratio of 7.32. The firm has a market cap of C$2.61 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 0.02 and a beta of 1.34. Torex Gold Resources Inc. has a twelve month low of C$12.79 and a twelve month high of C$32.75. The business has a 50-day moving average price of C$28.78 and a 200-day moving average price of C$26.69.

Torex Gold Resources (TSE:TXG) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.82 by C$0.20. The business had revenue of C$427.96 million for the quarter. Torex Gold Resources had a return on equity of 7.12% and a net margin of 11.16%. Equities research analysts anticipate that Torex Gold Resources Inc. will post 3.6254502 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. TD Securities increased their target price on shares of Torex Gold Resources from C$34.00 to C$38.00 in a report on Friday, October 18th. Raymond James increased their price objective on shares of Torex Gold Resources from C$33.00 to C$34.00 in a research note on Tuesday, January 7th. Royal Bank of Canada upped their target price on shares of Torex Gold Resources from C$34.00 to C$37.00 in a report on Friday, December 6th. National Bank Financial raised Torex Gold Resources from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, CIBC boosted their price objective on Torex Gold Resources from C$33.00 to C$34.50 in a research report on Monday, December 2nd. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$34.81.

Torex Gold Resources Company Profile

Torex Gold Resources Inc operates as an intermediate gold producer in Mexico. It primarily holds a 100% interest in the Morelos Gold property, including Morelos Complex, which includes the El Limón Guajes Mine Complex; the Media Luna Project, a processing plant; and related infrastructure that covers an area of 29,000 hectares located southwest of Mexico City.